If like many Australians you work
upwards of 50 hours per week, can you really expect to take on a major
renovation project all by yourself?
In order to complete a refurbishment
on time and to budget, the reality requires someone to be on-site to direct
proceedings and make sure things run as smoothly as possible.
If you can’t commit to the necessary hours and days,
employ a qualified project manager.
Although their fees may add another 10
or so to your overall renovation costs, it is likely to be a worthwhile
investment.
Remember, the longer it takes to
complete the renovations on your asset, the longer it will take to start
generating that all-important cash flow from your rental property.
Furthermore, failing to schedule the
appropriate trades at the right times and working toward a well-thought-out
schedule often means lost opportunity.
In other words, while one project
drags on indefinitely, you are potentially missing out on other investments
that could see you grow your portfolio sooner.
RealRenta
has all the tools that a property manager has but for less than ¼ the cost
of a property manager.
You can now manage
your Residential, Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Saturday, 13 April 2024
